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Updated over 14 years ago,

John Cobb's profile image
John Cobb's profile image
John Cobb
  • Real Estate Investor
  • from Valencia, Spain., Select a State
  • Member since Nov 6, 2008
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User Stats

55
Posts
6
Votes
John Cobb's profile image
John Cobb's profile image
John Cobb
  • Real Estate Investor
  • from Valencia, Spain., Select a State
  • Member since Nov 6, 2008
Connect
John Cobb
  • Real Estate Investor
  • Valencia, Spain., Select a State
6
Votes |
55
Posts
Foreclosures

Why do banks not like holding REOs

John Cobb
  • Real Estate Investor
  • Valencia, Spain., Select a State
Posted

I have just read an article by Joshua about REOs and in it his last point is

'Note that lenders and banks do not like holding REOs on the books, and try to get rid of these as quickly as possible.'

Why is this and what are the reasons behind it

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